Last night posted a series of posts related to Auryxia’s science (Ferric citrate). Take a look, all links provided are recent — a couple disappeared.
Look folks, Auryxia is a monster potential drug, been telling you this forever. Think — Renvela was selling $1 billion just as phosphate binder, without IDA. Auryxia with IDA is easily, on LOW end, $500 million plus yearly sales drug. Using a 4X multiple, that’s $2 billion valuation which, at 155 million shares O/S converted, equates to 13/share, at $750 million yearly sales equates to $19/share, at $1 billion yearly sales equates to $26/share — IMO
And only reason price per share based on above projected valuations is not higher, at $30, $40, or $50 a share, is because of the high O/S which, as have been telling you, is a result of issuing some 65 million shares during 2014, 2015, 2016, and 2017, with proceeds of some $550 million spent to get company and Auryxia to turn-key ready status in U.S. and EU., mind you, the $550 million spent includes all hefty compensation, benefits, and bonus packages awarded to execs and BOD throughout the years, “payed to play” sort of speak — IMO
(Btw, take a look at the O/S of AKBA, RMTI, and AMAG — that’s 57 million, 52 million, and 34 million shares respectively, versus 155 million shares for KERX. Now why do you think that is????)
Now, via a criminal “merger” swindle machination, the crooks want to disappear 62.5% of shareholder holdings. Mind you, the slow launch, slow sales team development, slow ramp-up in sales, the bs $90+ million sales in 3 years (what Renvela was selling in 2 months not 3 years) is potentially by design — IMO
Folks, you have been getting royally screwed for 31/2 years since Auryxia launch, while the crooks have been amassing shorts profits at the expense of “assasinating” advancement of company’s market capitalization/share price, employing corrupt machinations of all sizes, colors, and flavors, and now, they want to “rape” you and steal 62.5% of your shares — IMO
So, what are you going to do? Are you just going to sit there and allow yourselves to be “raped” after getting royally screwed for 31/2 years?
Pick-up the phone and make a call!..
ALL above, in my opinion, as always..
